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Independent Bank, Assets and Liabilities
| 1997-12-31 | Rank | |
| # of Employees: | 76 | 2,342 |
| Assets and Liabilities | ||
| Total Assets: | $135,486,000 | 3,272 |
| Cash and due from depository institutions | $4,100,000 | 2,342 |
| Interest-bearing balances | $74,000 | 5,126 |
| Securities | $12,995,000 | 6,550 |
| Federal funds sold & reverse repurchase agreements | $6,425,000 | 2,154 |
| Net loans & leases | $105,182,000 | 2,627 |
| Loan loss allowance | $1,836,000 | 1,932 |
| Trading account assets | $0 | 203 |
| Bank premises and fixed assets | $3,428,000 | 2,322 |
| Other real estate owned | $28,000 | 2,342 |
| Goodwill and other intangibles | $297,000 | 2,063 |
| All other assets | $3,031,000 | 2,377 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $135,486,000 | 3,272 |
| Total liabilities | $125,741,000 | 3,177 |
| Total deposits | $124,912,000 | 2,984 |
| Interest-bearing deposits | $109,483,000 | 2,940 |
| Deposits held in domestic offices | $124,912,000 | 2,977 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $0 | 3,723 |
| Trading liabilities | $0 | 80 |
| Other borrowed funds | $0 | 5,103 |
| Subordinated debt | $0 | 260 |
| All other liabilities | $829,000 | 4,143 |
| Total equity capital | $9,745,000 | 4,404 |
| Total bank equity capital | $9,745,000 | 4,404 |
| Perpetual preferred stock | $0 | 223 |
| Common stock | $684,000 | 4,207 |
| Surplus | $4,319,000 | 3,154 |
| Undivided profits | $4,742,000 | 4,620 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $905,000 | 2,663 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1,731 |
| Income earned, not collected on loans | $2,132,000 | 1,022 |
| Earning assets | $124,676,000 | 3,274 |
| Long-term assets (5+ years) | $11,767,000 | 3,919 |
| Average Assets, year-to-date | $124,320,800 | 3,365 |
| Average Assets, quarterly | $135,277,000 | 3,227 |
| Volatile liabilities | $17,969,000 | 3,266 |
| Insider loans | $787,000 | 4,184 |
| FHLB advances | $0 | 780 |
| Loans and leases held for sale | $0 | 1,579 |
| Unused loan commitments | $16,466,000 | 2,446 |
| Tier 1 (core) risk-based capital | $9,422,000 | 4,393 |
| Tier 2 risk-based capital | $1,396,100 | 2,147 |
| Total risk weighted assets | $111,248,400 | 2,525 |
| Total unused commitments | $16,466,000 | 2,451 |
| Derivatives | $0 | 533 |
| 1996-12-31 | Rank | |
| # of Employees: | 65 | 2,918 |
| Assets and Liabilities | ||
| Total Assets: | $107,570,000 | 4,132 |
| Cash and due from depository institutions | $6,795,000 | 2,918 |
| Interest-bearing balances | $70,000 | 5,219 |
| Securities | $10,561,000 | 7,743 |
| Federal funds sold & reverse repurchase agreements | $0 | 8,460 |
| Net loans & leases | $85,411,000 | 3,201 |
| Loan loss allowance | $896,000 | 3,871 |
| Trading account assets | $0 | 240 |
| Bank premises and fixed assets | $2,476,000 | 3,122 |
| Other real estate owned | $28,000 | 2,918 |
| Goodwill and other intangibles | $293,000 | 1,943 |
| All other assets | $2,006,000 | 3,594 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $107,570,000 | 4,132 |
| Total liabilities | $100,820,000 | 3,983 |
| Total deposits | $98,255,000 | 3,835 |
| Interest-bearing deposits | $84,704,000 | 3,843 |
| Deposits held in domestic offices | $98,255,000 | 3,823 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $1,950,000 | 2,271 |
| Trading liabilities | $0 | 97 |
| Other borrowed funds | $51,000 | 5,043 |
| Subordinated debt | $0 | 298 |
| All other liabilities | $564,000 | 5,474 |
| Total equity capital | $6,750,000 | 5,965 |
| Total bank equity capital | $6,750,000 | 5,965 |
| Perpetual preferred stock | $0 | 250 |
| Common stock | $545,000 | 5,007 |
| Surplus | $2,658,000 | 4,593 |
| Undivided profits | $3,547,000 | 5,540 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $1,150,000 | 2,425 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $147,000 | 770 |
| Income earned, not collected on loans | $1,557,000 | 1,382 |
| Earning assets | $96,042,000 | 4,259 |
| Long-term assets (5+ years) | $10,390,000 | 4,134 |
| Average Assets, year-to-date | $85,214,000 | 4,883 |
| Average Assets, quarterly | $98,869,500 | 4,422 |
| Volatile liabilities | $16,898,000 | 3,330 |
| Insider loans | $1,082,000 | 3,434 |
| FHLB advances | $0 | 882 |
| Loans and leases held for sale | $0 | 1,560 |
| Unused loan commitments | $18,474,000 | 2,180 |
| Tier 1 (core) risk-based capital | $6,453,000 | 6,062 |
| Tier 2 risk-based capital | $896,000 | 3,303 |
| Total risk weighted assets | $89,852,800 | 3,068 |
| Total unused commitments | $18,474,000 | 2,194 |
| Derivatives | $0 | 549 |
| 1995-12-31 | Rank | |
| # of Employees: | 45 | 4,226 |
| Assets and Liabilities | ||
| Total Assets: | $69,664,000 | 5,972 |
| Cash and due from depository institutions | $3,029,000 | 4,226 |
| Interest-bearing balances | $4,000 | 6,672 |
| Securities | $12,581,000 | 7,403 |
| Federal funds sold & reverse repurchase agreements | $3,250,000 | 4,113 |
| Net loans & leases | $47,868,000 | 5,137 |
| Loan loss allowance | $592,000 | 5,373 |
| Trading account assets | $0 | 261 |
| Bank premises and fixed assets | $1,435,000 | 4,812 |
| Other real estate owned | $31,000 | 4,226 |
| Goodwill and other intangibles | $21,000 | 2,866 |
| All other assets | $1,449,000 | 4,802 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $69,664,000 | 5,972 |
| Total liabilities | $64,516,000 | 5,830 |
| Total deposits | $63,760,000 | 5,668 |
| Interest-bearing deposits | $54,436,000 | 5,716 |
| Deposits held in domestic offices | $63,760,000 | 5,658 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $0 | 3,736 |
| Trading liabilities | $0 | 110 |
| Other borrowed funds | $70,000 | 4,550 |
| Subordinated debt | $0 | 337 |
| All other liabilities | $686,000 | 4,962 |
| Total equity capital | $5,148,000 | 7,240 |
| Total bank equity capital | $5,148,000 | 7,240 |
| Perpetual preferred stock | $0 | 288 |
| Common stock | $495,000 | 5,775 |
| Surplus | $1,444,000 | 6,721 |
| Undivided profits | $3,209,000 | 5,977 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $447,000 | 4,555 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $156,000 | 711 |
| Income earned, not collected on loans | $1,032,000 | 2,239 |
| Earning assets | $63,703,000 | 5,977 |
| Long-term assets (5+ years) | $5,795,000 | 5,431 |
| Average Assets, year-to-date | $57,830,400 | 6,623 |
| Average Assets, quarterly | $67,459,000 | 6,060 |
| Volatile liabilities | $9,408,000 | 4,748 |
| Insider loans | $561,000 | 5,331 |
| FHLB advances | $0 | 855 |
| Loans and leases held for sale | $0 | 1,606 |
| Unused loan commitments | $8,701,000 | 3,577 |
| Tier 1 (core) risk-based capital | $5,081,000 | 7,173 |
| Tier 2 risk-based capital | $592,000 | 4,624 |
| Total risk weighted assets | $51,869,400 | 4,881 |
| Total unused commitments | $8,701,000 | 3,590 |
| Derivatives | $0 | 628 |
| 1994-12-31 | Rank | |
| # of Employees: | 20 | 8,087 |
| Assets and Liabilities | ||
| Total Assets: | $33,581,000 | 9,325 |
| Cash and due from depository institutions | $1,968,000 | 8,087 |
| Interest-bearing balances | $199,000 | 4,486 |
| Securities | $3,697,000 | 11,379 |
| Federal funds sold & reverse repurchase agreements | $1,725,000 | 4,120 |
| Net loans & leases | $25,019,000 | 7,814 |
| Loan loss allowance | $471,000 | 6,446 |
| Trading account assets | $0 | 286 |
| Bank premises and fixed assets | $411,000 | 9,063 |
| Other real estate owned | $31,000 | 8,087 |
| Goodwill and other intangibles | $22,000 | 2,749 |
| All other assets | $708,000 | 8,221 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $33,581,000 | 9,325 |
| Total liabilities | $31,000,000 | 9,217 |
| Total deposits | $30,806,000 | 9,066 |
| Interest-bearing deposits | $24,704,000 | 9,302 |
| Deposits held in domestic offices | $30,806,000 | 9,061 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $0 | 4,788 |
| Trading liabilities | $0 | 87 |
| Other borrowed funds | $0 | 5,375 |
| Subordinated debt | $0 | 372 |
| All other liabilities | $194,000 | 9,134 |
| Total equity capital | $2,581,000 | 10,094 |
| Total bank equity capital | $2,581,000 | 10,094 |
| Perpetual preferred stock | $0 | 310 |
| Common stock | $300,000 | 7,125 |
| Surplus | $600,000 | 9,495 |
| Undivided profits | $1,681,000 | 7,672 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $298,000 | 5,669 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $141,000 | 687 |
| Income earned, not collected on loans | $467,000 | 4,486 |
| Earning assets | $30,640,000 | 9,296 |
| Long-term assets (5+ years) | $2,651,000 | 7,670 |
| Average Assets, year-to-date | $24,363,600 | 10,447 |
| Average Assets, quarterly | $28,603,500 | 9,932 |
| Volatile liabilities | $5,752,000 | 6,228 |
| Insider loans | $377,000 | 6,503 |
| FHLB advances | $0 | 993 |
| Loans and leases held for sale | $0 | 1,430 |
| Unused loan commitments | $5,679,000 | 4,544 |
| Tier 1 (core) risk-based capital | $2,559,000 | 10,215 |
| Tier 2 risk-based capital | $331,760 | 7,065 |
| Total risk weighted assets | $26,401,560 | 7,807 |
| Total unused commitments | $5,679,000 | 4,552 |
| Derivatives | $0 | 687 |
| 1993-12-31 | Rank | |
| # of Employees: | 9 | 11,619 |
| Assets and Liabilities | ||
| Total Assets: | $21,021,000 | 11,443 |
| Cash and due from depository institutions | $704,000 | 11,619 |
| Interest-bearing balances | $100,000 | 6,134 |
| Securities | $2,966,000 | 12,182 |
| Federal funds sold & reverse repurchase agreements | $2,350,000 | 5,196 |
| Net loans & leases | $14,450,000 | 10,183 |
| Loan loss allowance | $356,000 | 7,923 |
| Trading account assets | $0 | 330 |
| Bank premises and fixed assets | $153,000 | 11,625 |
| Other real estate owned | $0 | 11,619 |
| Goodwill and other intangibles | $0 | 3,091 |
| All other assets | $398,000 | 10,320 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $21,021,000 | 11,443 |
| Total liabilities | $19,302,000 | 11,378 |
| Total deposits | $19,159,000 | 11,300 |
| Interest-bearing deposits | $16,366,000 | 11,285 |
| Deposits held in domestic offices | $19,159,000 | 11,298 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $0 | 3,944 |
| Trading liabilities | $0 | 1 |
| Other borrowed funds | $0 | 5,027 |
| Subordinated debt | $0 | 413 |
| All other liabilities | $143,000 | 10,542 |
| Total equity capital | $1,719,000 | 11,768 |
| Total bank equity capital | $1,719,000 | 11,768 |
| Perpetual preferred stock | $0 | 343 |
| Common stock | $250,000 | 8,072 |
| Surplus | $250,000 | 11,355 |
| Undivided profits | $1,219,000 | 9,017 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $334,000 | 6,059 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1,950 |
| Income earned, not collected on loans | $310,000 | 5,917 |
| Earning assets | $19,866,000 | 11,310 |
| Long-term assets (5+ years) | $1,865,000 | 8,895 |
| Average Assets, year-to-date | $19,429,800 | 11,631 |
| Average Assets, quarterly | $20,515,500 | 11,500 |
| Volatile liabilities | $4,816,000 | 6,662 |
| Insider loans | $699,000 | 4,732 |
| FHLB advances | $0 | 821 |
| Loans and leases held for sale | $0 | 1,681 |
| Unused loan commitments | $4,262,000 | 5,341 |
| Tier 1 (core) risk-based capital | $1,719,000 | 11,732 |
| Tier 2 risk-based capital | $196,790 | 9,442 |
| Total risk weighted assets | $15,584,190 | 10,233 |
| Total unused commitments | $4,262,000 | 5,360 |
| Derivatives | $0 | 714 |
| 1992-12-31 | Rank | |
| # of Employees: | 10 | 11,730 |
| Assets and Liabilities | ||
| Total Assets: | $17,795,000 | 12,396 |
| Cash and due from depository institutions | $814,000 | 11,730 |
| Interest-bearing balances | $100,000 | 6,673 |
| Securities | $2,298,000 | 12,912 |
| Federal funds sold & reverse repurchase agreements | $1,100,000 | 8,406 |
| Net loans & leases | $12,993,000 | 10,761 |
| Loan loss allowance | $210,000 | 10,310 |
| Trading account assets | $0 | 344 |
| Bank premises and fixed assets | $196,000 | 11,619 |
| Other real estate owned | $0 | 11,730 |
| Goodwill and other intangibles | $0 | 3,106 |
| All other assets | $394,000 | 10,735 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $17,795,000 | 12,396 |
| Total liabilities | $16,234,000 | 12,353 |
| Total deposits | $16,056,000 | 12,288 |
| Interest-bearing deposits | $13,464,000 | 12,316 |
| Deposits held in domestic offices | $16,056,000 | 12,286 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $0 | 3,764 |
| Trading liabilities | $0 | 1 |
| Other borrowed funds | $0 | 5,085 |
| Subordinated debt | $0 | 482 |
| All other liabilities | $178,000 | 10,525 |
| Total equity capital | $1,561,000 | 12,281 |
| Total bank equity capital | $1,561,000 | 12,281 |
| Perpetual preferred stock | $0 | 346 |
| Common stock | $250,000 | 8,487 |
| Surplus | $250,000 | 11,781 |
| Undivided profits | $1,061,000 | 9,414 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $39,000 | 11,553 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1 |
| Income earned, not collected on loans | $293,000 | 6,633 |
| Earning assets | $16,491,000 | 12,276 |
| Long-term assets (5+ years) | $1,870,000 | 9,098 |
| Average Assets, year-to-date | $17,632,200 | 12,321 |
| Average Assets, quarterly | $17,968,000 | 12,323 |
| Volatile liabilities | $3,652,000 | 7,799 |
| Insider loans | $889,000 | 958 |
| FHLB advances | $0 | 832 |
| Loans and leases held for sale | $0 | 1,207 |
| Unused loan commitments | $3,195,000 | 5,906 |
| Tier 1 (core) risk-based capital | $1,561,000 | 12,245 |
| Tier 2 risk-based capital | $176,660 | 9,990 |
| Total risk weighted assets | $14,099,460 | 10,879 |
| Total unused commitments | $3,195,000 | 5,932 |
| Derivatives | $0 | 651 |